Challenger: Layoff Intentions 37,551 in June, Down From 61,887 in May

NEW YORK - Layoffs should be down in June, as Challenger expects 37,551 work force reductions, down from 61,887 in May.

In June 2011, 41,432 layoff intentions were made.

Hiring intentions rose to 12,314, as aerospace and defense led the way, up from 7,722 in May.

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